According to CoinMarketCap’s recently published Q3 report on the meteoric rise of DeFi applications, savvy Defi investors have been raking in up to an astounding 30 fold on their initial investments made back in January 2020. DeFi unicorns have been characterized by exorbitant returns such as the nearly 2000% achieved by YFI and 1,000% by STAKE.
DeFi, or Decentralized Finance, includes digital assets, protocols, smart contracts, and dApps that provide fully open and democratized financial services, particularly for the unbanked masses.
ProBit Exchange is one of the top exchanges that continue to make strong inroads into the transformative DeFi industry, listing more than 35 tokens in recent months including YFI, JST, BAND, FTM, and many other top gainers.
A convenient one-stop DeFi dedicated page is also provided featuring a comprehensive array of trading metrics and guides to minimize the daunting entry barriers for less experienced ProBit traders. Due to the large number of DeFi tokens listed by ProBit, the trading platform has been retrofitted with a dedicated tab for convenient DeFi trading.
Ethereum continues to reign supreme as the top DeFi ecosystem with ETH serving as the primary currency gateway into the highly popular realm of yield farming platforms. Industry leader YFI helped pioneer the current automated liquidity mining surge and pave the way for governance tokens to become a highly coveted asset due to the ability to generate returns for lending and borrowing.
Open source, non-custodial protocol Aave enables the creation of money markets as well as access to interest-bearing deposits and asset borrowing. Dai is another early-stage catalyst in the collateral-based borrowing sector based on the Maker loan platform, enabling users to post collateral and borrow in the form of the DAI stablecoin.
Decentralized oracle network Chainlink was one of the first solutions to address the data gap between smart contracts and applications while UMA is one of several decentralized protocols that opens global markets through permissionless synthetic assets backed by self-executing financial contracts.
About ProBit Exchange
ProBit Exchange is a global Top 20 crypto exchange in real daily trading volume that has successfully completed over 200 rounds of IEO. ProBit Exchange also features over 900 trading pairs – one of the highest in the market. In celebration of its 2 year anniversary, ProBit Exchange will be airdropping a total of 50,000 USDT during their 2nd Birthday Event.ProBit Exchange Key Figures
- 100,000+ community members.
- 800,000+ monthly active users.
- 2,500,000 monthly web visitors.
- 40,000,000 users on partnering aggregators and wallets such as CoinMarketCap.
- Global outreach in 8 key languages & markets provided.
- Multilingual website supporting 41 different languages
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Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
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